TradingView
MVPMC
14. Febr. 2018 11:38

CMYK RMI ARROWS 

BITSTAMP:ETHEUR15
Ethereum / EuroBitstamp

Beschreibung

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◊ Introduction
I started using this script because of its fast reaction, and good tell for buy/sell moments.
For larger timescales, the overall trend should be taken into account regarding the levels.
In the future i will update this indicator, to automatically adjust those.

This is the Overlay expansion of the Indicator Linked below.

◊ Origin
The Relative Momentum Index was developed by Roger Altman and was introduced in his article in the February, 1993 issue of Technical Analysis of Stocks & Commodities magazine.
While RSI counts up and down days from close to close, the Relative Momentum Index counts up and down days from the close relative to a close x number of days ago.
This results in an RSI that is smoother.

◊ Adjustments
CMYK color theme applied.
Four levels to indicate intensity.
Two Timescales, to overview the broader trend, and fast movements.

◊ Usage
RMI indicates overbought and oversold zones, and can be used for divergence and trend analysis.

◊ Future Prospects
Self adjusting levels, relative to an SMA trend.
Alternative RMI, which functions as an overlay.

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░▒▓█ CMYK ◊ RMI █▓▒░
tradingview.com/script/uXW9ej8i-CMYK-RMI/

Versionshinweise

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◊ Adjustments
Cleaned up script, changes order of settings.

Versionshinweise

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◊ Adjustments
Updated theme.
Trend AnalysisVolumeMoving AveragesrmibuysignalsellsignalcmykmvpmcarrowsshortLONG
Kommentare
stareatgoats
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Great indicator mate. Any planned update for alerts and the other stuff mentioned?
MVPMC
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@stareatgoats, hi ser, i did those things in the triple rmi bot.
Currently im working on a new approach on momentum. You can find it on github CMYKSCRIPTS
moehawk
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Just Amazing, speechless!
MVPMC
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@moehawk, Thank you :D
Invisible_Chaos
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Very, very good job. All your scripts looks amazing - good results and understandable signals. Nicely done !
MVPMC
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@Rahmag, Thank you very much !
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